Nu-Oil and Gas PLC Appointment of Investor Relations Officer
16 October 2017 - 10:01PM
RNS Non-Regulatory
TIDMNUOG
Nu-Oil and Gas PLC
16 October 2017
16 October 2017
NU-Oil and Gas plc
("NU-Oil" or "the Company")
Appointment of Investor Relations Officer
The Company is pleased to announce that it has appointed Simon
Bygrave as Investor Relations and Communications Officer.
The appointment of Simon to this role begins an exciting new
period, as the Company engages more confidently with shareholders
and the market. Simon brings a wealth of experience and skills
acquired over 20 years working in finance and, since 2013, within
the oil and gas sector. Since starting his career with JPMorgan,
Simon has worked with a variety of investment banks and funds in
locations worldwide.
As an AIM Company all material information is communicated to
the market without delay. However, the complex nature of offshore
oil and gas projects leads to significant periods of time between
announcements.
The Board recognises that shareholders and market participants
are interested in understanding the Company so it has taken the
opportunity to help facilitate this by appointing Simon. We believe
that our improved multimedia communication programme, in addition
to regulatory announcements, will help investors better to
understand the Company's strategy, commercial activities and
operations and demonstrate the confidence we have in the future
growth.
We look forward to implementing this programme immediately and
communicating more confidently with the market.
Simon will be the primary point of contact for any future
investor relations and communications queries.
Enquiries
NU-Oil and Gas plc
Simon Bygrave Tel: +44 (0)161 817 7460
Investor Relations & Communications
Nigel Burton Tel: +44 (0)7785 234447
Chief Executive Officer
Strand Hanson Limited Tel: +44 (0)20 7409 3494
Rory Murphy/Ritchie Balmer/Jack
Botros
Beaufort Securities Limited Tel: +44 (0)20 7382 8300
Jon Belliss
Elliot Hance
Note to Editors
NU-Oil and Gas is an oil and gas development and production
company, which utilises appropriate development approaches to
create value from undeveloped and mature oil and gas assets. NU-Oil
is building a portfolio of development and production assets with
an emphasis on stranded and marginal discoveries which can be
unlocked using cost-effective development solutions.
NU-Oil targets fields that have been thoroughly appraised and
are located in basins with stable political and regulatory regimes;
by doing so NU-Oil is not exposed to the risks associated with
frontier plays, particularly exploration and appraisal risks.
NU-Oil has invested in the Marginal Field Development Company
(MFDevCo), which has developed offshore production solutions that
improve the economics of oil projects by significantly lowering
development costs compared to conventional approaches. To implement
its solutions, MFDevCo has established the Marginal Field Delivery
Consortium, a group of leading global engineering specialists who
provide the skills and capability required to deliver projects.
NU-Oil will utilise MFDevCo solutions and the capability within the
Consortium to develop and deliver its projects.
This information is provided by RNS
The company news service from the London Stock Exchange
END
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